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the attack may impact american business, our economy and our nation's capitol and overall national security. steve moore from the "wall street journal" wonderful to have you in studio. the politics dealing with the aftermath of a terrorist attack? how does it improve the tone of partisanship in washington. >> anytime you have a national attack like this people pull together. i was thinking of the two major issues in washington. lori: immigration and gun control. >> those are two we've been hang link over months and months if not years. that is interesting i think it could have negative impact on both issues. lori: how so. , if it turns out it is saudis or foreigners, it will, it will, play into this kind of nativist, keep the foreigners out mentality. that is going to be a negative thing. in fact some of the senators and congressmen already said that maybe we should slow down on immigration reform. lori: wow! all the debate on immigration was held behind closed doors with the "gang of eight". that itself was critical because of the lack of transparency. >> interesting just today the "gang o
enough to keep united states competitive in our global economy. >> in order to get an outside opinion about what is going on in america, i travel to germany where i met a man who gave me -- who told me how things were done in germany compared to america. there are many specialist in america, but our system in germany is very dynamic. our workers are used in very many areas of the work. my american rent was supplies -- see the same staff. all three eggs are learned in the apprenticeship area it is the world -- apprenticeship. >> apprenticeship? not good enough? i needed an explanation. that is what i spoke to the headmaster of whence mr. -- of westminster academy. >> one of the challenges is that changing. it was a time in which the mother, father, children, could be the home in which they would be growing up with both parents. now when students go to school they only have one parent or there are issues in the home, they are bringing those challenges into the classroom. i think what schools should do is help children love to learn, love to read, become thinkers. become problem solvers.
the economy french economy is in. now, the german survey responses say the economies were worried about the impact prices. in france, they're much more domestically focused with some suggestions that things couldn't get any worse. >> well, the domestic situation is already a known negative. just to recap for viewers, as well, the composite, which includes both the services and is manufacturing, pmi came in at 46.5 in april for the eurozone. that was just ever so slightly above the 46.4 estimate and manufacturing came in 46.5. the services figure was 46.6. but, again, it's some of the weakness in the core economy of germany that's catching the market's attention this morning. the euro weaker, the xetra dax off by about 0.2%. we're going to get some uk data out at 9:30. also coming up on the show, the how companies are battling to take a foothold in the alternative energy market in china. then at 11:10, we'll be joined by jim o'neill as he nears the end of his tenure at goldman sachs. we'll get his best and worst investment calls from his time in the city. we'll hear up for earnings from
're going to talk markets, the economy and much, much more. stay tuned for that and a lot more. >>> welcome back. now to the markets. it's going to be a big weekend ahead. joining us, lou brian. lou, place your betts. more likely up or down for the dow this week? well, you know what? i tend to look technically at the s&p instead of the dow. >> how about the s&p? it's a broader market index, even better. >> all right. i think that the interesting thing is that where the s&p held last week, this 1540 is a mark that held in march and early april and, again, last week, we went just a little below it. also in play around that level is the 50-day moving average which held the market a couple of times. if you're looking to get long on a tray, that's not a bed level because you kind of know where you're wrong when it goes underneath that. i think the interesting thing with the stock market is that it's really the only market right now that's playing along with the fed's qe brochure. don't fight the fed. buy on fed accommodation. the crude oil, the gold, copper, various commodities are lower since t
$100, and in september of 2011, copper price a reflection of the week call for the global economy, china news earlier this week, bearish, copper prices down 6%. if you're looking for gains, the agricultural sector saw some, and, and natural gas of 4 present. and someone you did the action in today's session. and $100 from the close of around $400 a troy ounce. and gold will average 1450 a troy ounce, in 2014. we also see reports of stronger jewelry demand, gold has come down significantly, some buyers stepping in at these levels and copper falling out of favor of this week on weaker reports out of china and also copper is down 6%. lots of volatility, wrapping up the week more muted reaction. melissa: let's check the markets and go to the stock exchange. lauren simonetti is standing by. >> the volatility sandra is talking about is the volatility we are seeing here on wall street. what a week. the dow can't seem to stay or get into the positive at this hour but the nasdaq and the s&p are higher, this has been the worst week of the year for all three major averages, the worst week si
. we had enough bellwethers, in tech and items, other areas of the economy to get an idea how earnings are going. what does that tell but the overall economy, what we've seen so far with earnings, john? >> our view is we're still in very luggish growth and real opportunities are coming out of the easy money policies of the central banks along with the emerging middle class in the developing world and so we're looking at, we're very bullish on commodities. we're very bullish on companies that produce those. companies that are helping find oil, that have sophisticated technology in the oil service area. we think the overall market is really still in a secular trading range that it has been in for the last 13 years and up at the upper boup drills of that. liz: john, are you spooked at all what seems years ago and it was earlier this week, the gdp of china missed estimates? it was lower than expected growth? and you still believe in commodities why? because a lot of chinese still need to be fed and need to build skyscrapers? what is the your focus here? absolutely. 7.7% gdp growth is still
there that the economy is losing steam, especially with the stock market plunge that we have recently seen? - well, i think clearly there has been some disappointing economic data. maybe it is the fear that we all had with the government cutbacks and also the tax hike that we had - that's the increased payroll tax for social security that we saw - so that is biting into the economy. but clearly, almost all the data, not only here but around the world, has come out weaker, so that is real; and combine that with some disappointing earnings on balance, and i think that is cause for concern or pause for the market right now. - gold futures made a mighty move to the downside this week. what are you seeing in gold mining stocks? - wow, i tell you, it was a real blowout in gold. gold is one of those assets, but i look at gold back in '08 was, i think, a low $600, and it is now still, what, close to $1,400? so, a set-back was ok, it was just one of those classic commodity washouts. gold miners, on the other hand, they have lagged the price of gold for the past several years at least, and a lot of that has to
: seasonally strong time of year for home sales. overall, the u.s. economy is running below its historical trend. this is a study done by the index. my next guest says the economy sluggish growth may be the most ideal condition for investors. joining us is now jack. welcome to you. >> thank you, lori. lori: you see this as a prime opportunity. some new investment dollars could go into the stock market. >> yes, potentially. fair value in the market is probably about 1520. we are slightly ahead of that. we have a lot of favorable factors. one, keep money. we have stocks that look cheap. if we can get confidence, you know, of investors, but also builds confidence picking up, i think you could see treasurers and armature treasurers start to exploit that difference. as long as the fed keeps the backdrop in place, then the market can go higher. we do not want to fall into a double dip type of scenario. on the other hand, we do not want anything too strong to suggest that perhaps the fed will take its foot off the accelerator. lori: if you have new money to invest, what type of stocks would you p
and perhaps boosting our economy if we can't be sure who to let in? with me now are american enterprise scholar maaed din, we also have economist extraordinaire, professor peter morici. thanks for joining us. madeine, let me start with you. as we said, as we look at this immigration bill, you can immediately feel a reaction coming out of what happened with boston. to slow down on anything that we might be doing including student visas, including asylum, including some of the workers that we would need especially in the area of student visas who might graduate and then be productive in their economy. what are your thoughts on this? >> well, melissa, that's a great question, and thanks for having here to talk about this. the immigration bill that's before the senate right now, it's a great piece of legislation. and it would have no bearing whatsoever on the vy tragic events that happened in boston. the reality is that people who are here, unfortunately, be they native or immigrant, sometimes you commit horrific acts. but we don't base immigration policy on that. we should base it on our e
will not be at jac jacn hole sim this year. my next guest said that we're seeing a slowdown in the economy after a stock first quarter, joining us, wells fargo chief economist, john sylvia, you see a slowdown here? >> there is a slowdown that is what bothered market, stock market a little bit, we a single family housing stocks, retail sales disappointing. building into the commodity market, chinese economic growth is disappointing. people at the inning of year think this economy will take off, and earnings will be strong, then as year goes down they tamper down those expectations. >> you know there is one stock that stands a metaphor, caterpillar, we see them with disappointining results off 42 their earnings, because they are off in the mining sector, but they tell us about good news, just the op ship of what said in -- opposite of what you said in china in their outlook. >> caterpillar is a true global business, they have a lot of infrastructure, a lot of mining and lot of development in many of the asian economies, looking at u.s. companies as traditional as manage mcdonald's and coca-ca ha
: thank you for coming on. dagen: government funding is a nonstarter, not a kick starter for the economy. that will not get in the way of the white house trying to spend more money speak that is true, dagen. people in a sense almost do not real. government spending went to this huge peak after tarp. over 25% of our economy. it has now fallen as a share of gdp. we are down close to 22% of gdp. it is still too big. government is actually falling as a share of gdp. first-quarter, the quarter that we just finished will get data for that in about a week. we are expecting about 3% growth. that is pretty good news from the economic front. dagen: is that already factored into this stock market? >> well, at least in the short term i think you are right. i believe the stock market itself is undervalued considerably. in other words, if you go back to early 2009, it is really the rise in profits that has driven this market. if we get any extension, what the investment community called multiples, the stock market could go even higher. the dow is worth it fair value 18,500. we have these pullbacks eve
on fixing it. immigration reform is vital to securing our borders, just starting our economy, and ensuring for access to that great american dream. the current status quo on immigration makes no sense. we turn away people from entering the country who could create thousands of jobs and let people crossing our borders who take away jobs. r oach ibanced. the border securitystro,ut achi. the path to citizenship is tough, but it is accessible. yes, our bill does secure the border first, but it treats the situation of those living in the shadows as an equally urgent priority. this is by design. we believe that americans will support sensible solutions to dealing with the undocumented and future legal immigrants, but only if they are convinced there will not be future waves of illegal immigrants. when the 11 million come out of the shadows and it will not only improve their lives and their families' lives, it will strengthen our country and its economies. in fact, conservative economist douglas holtz beacon has found that immigration reform will save taxpayers $2.70 trillion a. we what this legi
to boosting the economy and creating jobs, gop leaders have stuck to one solution. cut spending. >> it's time to cut spending. >> try and reduce the level of spending here in washington. >> our goal here is to cut spending. >> the sequester, it does cut spendi ing spending. >> cut spending. oh, sure, that'll fix everything, right? wrong. president obama repeatedly warned that last month's automatic budget cuts would hurt our economy and slow down our recovery. >> my budget also replaces the foolish across the board spending cuts that are already hurting our economy. >> but speaker boehner, majority leader cantor, and the other far right wingers wouldn't budge. and now the cuts are hurting air travelers. the faa has been forced to slash hours for 47,000 employees. including 15,000 air traffic controllers. and we're seeing airport delays all across the country. surely boehner and cantor are -- would be flying high. after all, they got those spending cuts they wanted to badly, didn't they? not quite. instead, they're still on the attack against the president. pushing the twitter hashtag obama fl
. for the travel industry, a key driver of the economy, we cannot afford to sit here and have congress pointing the finger at the administration, the administration putting the figure of congress. travelers are stuck in the airport. travel in this decrease over 7 billion jobs and supports those jobs each year. we cannot afford to be delayed in the airport. gerri: it does make a very big difference to our viewers. what you to respond to what the white house was saying today about this issue. listen to this. >> the faa, like other agencies, is personnel have the and in the end you cannot avoid when 70 percent of your budget of your operating budget is personnel you cannot avoid when the cuts are as deep as they are and the sequester, the kind of actions that are taken, these furloughs. that is the unfortunate fact of arbitrary across the board cuts like this. gerri: mike, you know, i want you to respond to that and also this, the faa knew the -- fa new these cuts were coming. what have they been doing? is some of this intentional? is some of this self-inflicted, what is going out? >> it is all in
to passing a bill to help states collect sales tax. >> you know it is ironic one area of our economy that is growing great, has you know great innovation, and just really revolutionized things, is one area that government has not touched that is the internet, specifically internet retailing, now they want to get their happeneds into that. it is horrible. the customer is going to get hurt, and damage the small internet retailers, onc once ag, once government starting meddling is goes kaput. neil: you know they all have a advantage that we don't have that our customers may this tax. they don't. and it is an unfair playing field? >> you know here is the bottom line, if a motivated buyer goes on-line to buy something to get a surprise tax, when they press pay. they -- that may cause them to not baez. thebuy, they have heard earned money, they budgeted. the bottom line is this could seriously hurt the economy but also cause people to second guess do i really need it right now, which is not what the economy needs, there are a couple of unintended consequences. this may cause retailer to ra
impact on how you look at the economy right now? are are you focused on other factors? >> at this point* i don't see them has any impact it is the actions going forward but it will not have an economic impact worries about people not wanting to go to a large sporting event and fortunately we have had these kinds of episodes before an economic impact has been negligent with so one of the event. but at this point* we did see an increase with the weekly consumer confidence numbers we get out from one survey. quite honestly it is said difficult and challenging period of time. i again, i step back but we are selling back into a realization it is a tough month for the economy. connell: to that point* to get away with the leading economic indicators came in looking at the dow and the generations the leading indicators declined does that tell you anything what was the message of that? >> of course, it doesn't tell us anything we don't know but it is amazing that shift in sentiment people have in the marketplace about the economy with the last four or eight weeks with the turn of the year and th
, beat or miss estimates? as for the economy, here is today's calendar. >> how is the crowd sourcing experiment gone so far? i haven't looked at the results. >> the results for coming. >>? >> i can't even log in to the borrowing page. >> they've gotten some decent numbers that have come this. i think there are 1500 or 1700 -- >> but are they better -- >> they're good at it, but i think we have made the mistake of picking from predictable companies. that's why we started picking some trickier companies like apple. that's the one that's up in the air. nobody knows exactly what's going to happen. if you can beat on these companies, then we're going to be more impressed. >> apple generates a lot of attention and feedback. if i put out on twitter, will apple meet, beat or miss, some people will say it will meet, some will say it will miss and others will stay you stink, sullivan. >> but you will get responses by putting apple out there. >> anything you say on apple, and i'm an apple lifelong user, and i referenced a couple weeks ago that i was going to buy a windows 8 machine because it w
economy both coming in, you know, more bearish than expectations. what can they do. positive for interest rates. on the other side, we still -- melissa: you think they will step in and do more easing in europe? >> they will cut interest rates. little impact because interest rates are already low. what we need is measures. the ecb could loan some money. melissa: that is an interesting perspective. we are quite bullish on the u.s. economy. we are positive. thinking would be good. this will account for some of the assets. melissa: thank you so much for coming on. lori: we have some updated news for the housing market today. rising 1.5%. that is just shy of the estimates. the pace has increased by 18.5% from year ago. bonuses are getting smaller. they are caving to regulators and scaling back bonuses. the trade journal said the fed started calling banks last year about compensation plans. jon corzine facing a lawsuit now over the collapse of mf global. he is being sued by louie freed. the lawsuit alleges that corzine engaged in risky trading practices. melissa: a vote of confidence and a big
. that will be the biggest day for me because they're the big indicators of how the global economy is doing overall. speaking of the global economy, caterpillar if this was clearly a disappointment and the guidance was disappointment and they telegraphed it a little and the stock's been up and the dow this morning and the two things here, number one, he's coming on and talking about stability and that's the key word on our air on cnbc and a lot of people have noted the drop in mining. mining was down 25%. sales in the mining division, second most important was down 25%. i think a lot of people have got that already set up. remember, this is heavily shorted stock and it was $100 two months ago and it's $80 today and a lot of people anticipated what's going on. let me mention apple very quickly. the hope here is for a special dividend, increase the dividend to over a 3% yield and start with the big buyback. that's the big hope there. nobody's expecting them to blow the cover off of any of these numbers and all of them have been coming down. >> guys, back to you. >> watching microsoft continue to gain now up 4.
economy head of the fbi, all said on friday night, boston's back to normal. the public is no longer at recollection. they can't have it both ways. >> shepard: they're trying to. >> can't claim bostones back to normal and the public is not at risk and then say the guy is a risk. the purpose of the exception to the miranda rule is to protect police officers and those around the defendant at the time he is arrested. is that gun empty? y is the other gun? the other bomb? the type of excited utterrans someone would utter at the moment of arrest. it's not a way around the miranda ruling. the miranda ruling requires all government agencies to tell you before they ask you a question you don't have to answer it. the obama administration has taken a radical approach to the miranda rule by coming out of nowhere with this 48 hour rule that doesn't exist in any statute and no court has permitted it. >> going to regret it? >> i think they will. bass opposite they start using it there will be no stop to it. >> shepard: investigators want to talk with the wife of the older bombing suspect. are lawy
was not working. >> that's a good point. you thought maybe stand above all of the other lesser economies and the news did start to tighten. >> i thought it was the most important article in the paper. maybe they're breaking ranks [ bell ringing ] >> and his own jack lou? >> hard to tell. >> they are geniuses. >> i took economics, and i couldn't wait how long they were. >> there's the bell. s&p at the top of the screen. state street global advisers and blackstone celebrating the recent launch of the spider, senior loan etf. the texas independent producers and the royalty owners association doing the honors. you cannot start this market day, jim, without talking about netflix. a 25% move is a big move even on that name. >> that was a big short position. there was not a lot of stock that was out there. it's a very tight flow. >> a lot of people kept thinking that this is the quarter where we find that the bulge in new subscribers wasn't happening and there are other people who immediately point out, look, the cash flow is not that good and the 36 analysts who cover the stock only six are re
the economy grow and create jobs, protect the middle class, and protect seen yours. the president is engaged in a process with lawmakers where he's trying to find commonground to see if commonground exists with republicans around the basic principle to reduce the budget in a balanced way, and he's put forward a plan that would do that eliminating the sequester in the process. when it comes to delays, though, congress has to act in order to avert delays. >> prioritizing spending under the faa, but you want the sequester to inflict maximum -- >> since we did everything we could to avert the sequester, and, unfortunately, the republicans decided as a political matter it was a home run for them to inflick this upon the american people, i think that suggestion just doesn't hold water. secondly, the faa did take action, all the action it could under the law to produce savings and avoid furloughs up until this point where because of the nature of their budget and the personnel heavy nature of their operation furloughs are the only option available to the faa at this time. again, if congress wants t
economy work and define those things that are going to lead our country forward. it is a privilege to be here with you talking about ideas from the working families flexibility act that you are working hard on and i'm a proud co-sponsor but also ways we are going to find solutions for people across this country who are raising families, trying to pay for college trying to pay the energy bill for the month. mr. gardner: we have an incredible opportunity to get government out of the way and let america work, to unleash the entrepreneurs around this great nation over the past several months over the past couple of years, we have held dozens of town meetings, whether they are in southeastern colorado, northeastern colorado, the denver metro area, the new parts of my district, talking to families, talking to people who are struggling to make ends meet. people who have had to pick up a second job just to pay the bills. and as we talk tonight about making life work and i believe #makinglifework and i would like to hear from people around the country how we an help be a part of these solut
in a far quicker way to satisfy the needs of a modern economy but the big thing government has to do is stop spending money on things that don't matter. this matters. innovation matters don't do things that a clematis -- commodities vegas investment changes the game. liz: and the stock is up year over year but we watch this closely and oracle of the competitor up 11% so you are doing better. the closing bell rings in 70 minutes. talk about a splash, see world jumps more than 25 percent of the stock market debut. yes they launched the ipo date to doubt the negative news flow and went for a. entertainment joins us next so why was now the good time to go public?@ and as we told you the developing news this hour the boston red sox game against kansas city royals cancelled tonight. you are looking at a live shot of a very empty fenway park just a few miles away from a massive manhunt in watertown and cambridge and will remain empty tonight. no game and the bruins hockey game also canceled for all the developments on fox business. dow jones industrial average up 14 points. 've known? we ga
weaker economies. and when you get the imf admitting that austerity isn't the way, and i don't disagree. if you didn't do reforms and you didn't do pro growth, all three ingredients needed to make a growth economic cake, i shudder to think what happens next. many suspect moody's may downgrade spain. >> with all of that said, stephen, how do you want to allocate capital right here? >> i think you need to look into equities. it's very interesting. look at the 1,000 and 2,000, large and small cap space, but also defensive versus dynamic, the rally we've seen has been very strong. it's had this very defensive tam boar tambor. it's like this sub tub city -- city constitution effect. global economics, look at the u.s. first. name by name basis. emerging markets. i would think global bonds. longer term investors, commodities from a valuations perspective look attractive. >> commodities? gold? >> not necessarily gold. >> oil? >> dr. copper. the valuations are beginning to pull in a little bit if you've got three to five years which maybe a lot f of people don't have. if you're a longer investor
something horrible to happen, or you need a total collapse of the economy. i don't see either. >> well, we're actually talking about two different events. relative to a correction this year, i think that we're looking at something similar to 2011. 10 to 20% off in the second or third quarter, kind of a reaction to this building uncertainty, this volatility we have seen since february. in terms of the bigger crash call that i've been making for more than a year now, as the s&p continues to top out very similar as it did in 2000 to 2007, i think you're right. i think that we are looking at some kind of external shock situation. >> no, no, i'm not -- i'm saying that's what you need to make your forecast right. i'm not predicting that. i don't see the end of the world scenario. i don't buy it. >> and i hope that bernanke -- >> gold signal. i just don't buy it. and so much liquidity -- seema, are you hearing this end of the world -- all right. let's take abigail. 10 to 20% correction. are you hearing that? >> if the fed pulls back on monetary support sooner than expected, i think there are trad
, but in terms of the economy, untold millions of dollars could be on the line. it's even included in today's criminal complaint against the surviving suspect. details on that ahead. plus, should the government raise the minute mum age to -- minimum age to buy cigarettes? raise it to 21 years old? that's the plan from one major u.s. city. guess which one. hey everybody, hi mom... streaming live with a tour of my new place... knowing you can still reach out. ... and now you've seen it. that's powerful. verizon. get mom a lucid 2 by lg for free. [ male announcer ] just when you thought you had experienced performance a new ride comes along and changes everything. the 2013 lexus gs. this is the pursuit of perfection. foot traffic or deliveries so not every boston company was hit that hard, shepard, if at all. >> shepard: the rest of the nation, was there an effect? >> well, we haven't seen anything specific yet. and it may take some time to play out, but terrorist attacks can hurt an economy cutting growth by about a half a percentage point on average, according to one study. just look at 9/11
economy. he made the comment on cnbc yesterday. the equipment company, however, turned in disappointing earnings revenue and forecast in its earnings report. a marketing gimmick paid off for hasbro. the toy company reported moderate revenue growth. hasbro had an onlne contest to create a new token for monopoly. the public choose a cat. the company calls the contest "tremendously successful". the conservative koch brothers are reportedly eyeing a big investment in media - specifically, eight tribune company publications, including the chicago tribune, the los angeles times, and the baltimore sun. media ownership is reportedly something the koch brothers have focused on as part of a long-term plan to shrink the u.s. government and its regulations. a spokeswoman for koch industries says politics has nothing to do with the possible newspaper acquistion. we don't mean to gross you out, but bedbugs are making an aggressive move into hospitals and nursing homes. the national pest management association reports a 6% rise in bedbug extermination at hospitals, while the number has doubled to 46%
in setting up obamacare. why didn't they, john? it is their law. >> it is 1/6 of the economy and it has a lot of moving parts and frankly i think we reached the point where bureaucratic government, 20th century style can handle something this complex without proper price signals and proper market signals. the health care industry is a mess. half of it is paid are by the government. they set prices for the other half which is privately managed. i don't think it works, health savings accounts and health plans and extending people a lifeline if they get really seriously sick the we need to send market signals. right now this thing is a train wreck and there is nothing --. bill: that is your solution. what's theirs? >> their solution is we should trust them to make it work. and maybe after a few years it will work but right now everybody is confused. and of course the problem with these democrats foresee is the 2014 midterm elections are coming and if obamacare isn't perceived as working, people are going to say, i'm upset. i'm mad. remember, president obama promised americans, if you like your h
. al, what do you make of that? we were given that they were at least clawing back. >> the economy is never as good as people say it is. the housing market is never as good as people say it is, think of this, we have interests below 4%, f most to go out get a mortgage, housing market should be streaming back we're seeing a large percentage of sales dominated by visitors, there is still a foreclosure crisis going on, unemployment is still high we have not by any stretch of the imagination seeing what seem people call a recery. neil: we're well off the matt from lows. any trend or any improving trend looks good. when it is disrupted we feel bad. >> no, but i think that al's comment, ner as good as they say it is but never as bad, whole market has been en few fuego, have a tried to get a motorrage lately. -- mortgage lately. i tell you, they are not lending credit, and demand is not there for creditworthy borrows either, because people are not making more money, and businesses are not hiring. neil: tomorrow, you are jumping gun we talking about proctologists who offer mortgages. >> i
that people view as specific predictors of where the economy is going. and again, you can see while it did go down in august of 2012, we've essentially had six straight months of either flat or up and then we had a down. and, again, we would normally want to see something like three months of a trend before we made too much of this. but the fact is, that's not -- it's not a good news. so the question is, well, why is this happening? we've had -- first we've had soft spots in the economy for the last two or three springs. might be another one of those. but you have had the payroll tax increase go into effect. you've had sequestration go into effect. you have no growth in people's incomes. that was the more disappointing numbers out of the last unemployment insurance report. and if people don't have money, they can't spend money. and finally, we're being affected in the slowdown in europe in particular and the slowdown in the emerging markets. our export growth has fallen to about zero at the moment because there isn't demand overseas for our products. so it feels like a little bit of a soft sp
, engineers, whatever, are able to get her because they have the skills the american economy needs. jon: well as this bill moves through the senate and on into the house, presumably we will continue to follow it here on fox. karl rove, thank you. >> you bet, jon. jenna: the case against the boston marathon bombing suspect, why there are growing calls to be treated as a so-called enemy combatant. there are arguments for both sides. we'll break it down. new calls on chechen terror groups including past attacks like this one in a moscow theater more than 10 years ago. a brutal, brutal attack that got worldwide attention. there are questions surfacing today, how the groups may have influenced the boston suspects if at all. what you need it know, next. [ man ] excuse me miss. [ gasps ] this fiber one 90 calorie brownie has all the deliciousness you desire. the brownie of your dreams is now deliciously real. jenna: right now a whole lot of legal questions surrounding the marathon legal attack and case against suspect dzhokhar tsarnaev will play out. a growing number of lawmakers are calling for him
get there. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. from the united states postal service a small jam maker can ship like a big business. just go online to pay, print and have your packages picked up for free. we'll do the rest. ♪ >>> welcome back to a special edition of "newsroom," live from boston. i'm wolf blitzer reporting. today, the fbi faces a grilling on capitol hill over the boston bombings, lawmakers want to know if the agency missed vital clues two years ago. that's when agents interviewed the older suspect, tamerlan tsavraev, at the request of the russian government. cnn's national political correspondent jim acosta joins us from washington now with what's going on. a lot of frustration, a lot of what ifs, could if this boston magnificent y massacre been prevented? those are the questions that will be brought forward today. >> that's right, wolf. it will be playing out on capitol hill. the senate intelligence committee has set a hearing for 2:30 this afternoon with fbi officials, they will be
and will have a great environmental and economic impact. another study in new york looked at not only economi the economit of environmental impact and said fracking can be done safely. two studies done by either coast. the tax revenues are big enough, powerful enough, job creation big enough will override the power environmentalists have in the state of california. stuart: i think you're right, i'm asking you if california goes ahead and does this, that would open the door to all of america. i can't see anybody standing in the way of fracking for natural gas and oil. >> that is right. it is a similar decision obama made on the keystone pipeline situation. the prime minister of canada was shocked and turned it down. his administration looked at it, probably the most research environmental project ever, and obama turned it down. not for science reasons, but for political reasons. will jerry brown turn it down for science reasons or political reasons? i don't think he will turn it down. his concern about the state deficit, $500 billion unfunded pension liabilities, stuart, they have to do someth
're going to come back with the latest after this. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. it's lots of things. all waking up. ♪ becoming part of the global phenomenon we call the internet of everything. ♪ trees will talk to networks will talk to scientists about climate change. cars will talk to road sensors will talk to stoplights about traffic efficiency. the ambulance will talk to patient records will talk to doctors about saving lives. it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. the next big thing? we're going to wake the world up. ♪ and watch, with eyes wide, as it gets to work. ♪ cisco. tomorrow starts here. >>> you're looking at pictures of an explosion right near waco, texas, about 18 miles away. this is a fertilizer plant, there was an explosion there around 7:50 texas time tonight. that's central time. a very severe explosion. right now, the area around it is being evacuated. people in the neighborhood have told us they have been evacuated. our un
is talking about a spring swoon for the economy. isn't spring a time for revival and resurrection. let's bring in our ace investor to get his forecast on the potential swoon. jeff klein, chief strategist, one of the best of the best. good to see you, jeff. why is it so gloomy all of a sudden? golly, this is not like last year. you a saw the housing numbers today, home sales off a tiny bit, but 11/12% price increases year on year, that's totally different from prior years. >> it is right, the housing situation is better. the auto sales are good. there are a lot of things in much better shape. but the market is all about expectations. the fact is economic data as solid as it has been lately has come in weaker than expectation, so have profits and importantly revenues lately. it's not that we see them falling off a cliff, if expectations got a little too high or rosy, it's funny, larry, as we looked at this year back at the end of last year, we laid out scenarios, a bulk case, down the middle base case, stocks have taken the bull path. bonds are kind of right in the middle. it's interesti
moving and that's critical to our economy. >> congressional republicans charge the administration is structuring these cuts to worsen their impact. in a statement, congressman bill shuster the chairman of the house committee on transportation and freezing rain structure says quote the administration views the sequester as an attempt to score political points rather than address real issues and find real savings in a bloated federal bureaucracy. he points to sizeable increases in the faa's budget and continued spending on consultants and travel. the administration says the law requiring these cuts gives officials few options. >> furloughs cannot be avoided. 70% of the faa's operation's budget is personnel. the faa must furlough 47,000 employees up to 11 days between now and the end of the fiscal year. >> the replace cuts with other cuts and tax increases on the wealthy. >> this fight is playing out in court as well. the nation's airline association is suing the f.a.a. to halt these furloughs claiming that the administration has the authority to cut elsewhere. bret? >> bret: rich ed
to the economy championed by republicans. call it an obsession with the deficit or demand for austerity that's been coming from all quarters of the republican party since 2008. >> we can't continue to spend money we don't have. >> we can't just keep spending money we don't have. >> it's time to cut spending. >> unfortunately, the facts do not support their thesis. there is now a chorus of commentators, businessowners and corporate titans, who all accept that taking chunks out of an already melancholic economy will do nothing but sustain the misery. an individual who runs the world's largest bond fund said this in an interview. "the uk and almost all of europe have erred in terms of believing austerity, fiscal austerity in the short term is the way to produce real growth. it is not. you've got to spend money." yet, despite this expert opinion, the republican party led by chairman reince priebus launched a twitter campaign yesterday attempting to blame the president for a policy that they, themselves, absolutely adore. it was pegged to the increasing impact of sequestration on domestic air tra
the economy any good. we all need to make a living. we make a living, we spend money, we buy goods, we sell goods it just keeps it going. >> every business can buckle up a little bit. >> cuts make sense, some say. but not if they ground an expanding business grounding. >> it's going to be more taxes for the state. i think that's pretty critical. >> reporter: this airport runs some 80,000 oerpgs -- operations a year with about a dozen controllers. huge for the pilots who are based here. there's a flight school and a restaurant, where the owner says better to have fewer controllers than none at all. >> they will have to scale it up with the skeleton group. we're not imposing a danger to the pilots that are flying in and out of the this field. >> reporter: faa towers like this one are safe from closing until at least next year. but more than 100 others under federal contract are slated to shut in june. meanwhile, airline and pilot organizations are suing to halt the furloughs already under way. reporting live in santa rosa, debra villalon, ktvu channel 2 news. >>> five people parked outside a
the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. the day building a play set begins with a surprise twinge of back pain... and a choice. take up to 4 advil in a day or 2 aleve for all day relief. [ male announcer ] that's handy. ♪ from the united states postal service a small jam maker can ship like a big business. just go online to pay, print and have your packages picked up for free. we'll do the rest. ♪ we'll do the rest. clusters of pustules, pimples. i had this shingle rash right next to my spine. the soreness was excruciating. it was impossible to even think about dancing. when you're dancing, your partner is holding you. so, his hand would have been right in the spot that i had the shingles. no tango. no rhumba. you can't be touched. for more of the inside story, visit shinglesinfo.com >>> at the top of our instant index tonight we want to show you a video
and a half months, with the carriers, for the passengers, and frankly, i believe, for the economy. >> reporter: best advice for passengers on the nation's 30,000 flights a day, book the first flight of the day. it's the least likely to be cancelled. michelle miller, cbs news, new york. >> denver police are hunting for suspects today after shots were fired during a massive marijuana celebration. saturday's gunfire wounded two people and caused thousands of people to scramble for safety in the chaos dozens were trampled. >> up next on the "cbs evening news", a connecticut mom takes on a cause she never expected, medical marijuana. ch suggests cell heah plays a key role throughout our lives. ona day men's + amin a designed for women's health concerns as we age. it has 7 antioxidants to support cell health. one a day 50+. plus the perfecting color of a bb cream equal? introducing the newest beauty trend. total effects cc cream c for color. c for correction. [ female announcer ] fight 7 signs of aging flawlessly. cc for yourself. how did i know? well, i didn't really. see, i figured lo
traffic controllers and have this kind of rolling impact on the u.s. economy. it's going to cost a lot more. >> reporter: critics argue president obama wants the public to feel the effects of sequester to create pressure so that there are changes in it. >> we have looked after passengers for 4 1/2 years. the last thing we want to do is disadvantage the flying public. >> cheryl attkisson, cbs news, washington. >>> disgraced former new york congressman anthony weiner has a new twitter account. weiner resigned two years ago after being caught posting lewd photos of himself on twitter. he also sent inappropriate messages to several women. on monday he launched @anthonyweiner. the new account features his policy ideas for new york city. it is believed he plans to run for mayor. >>> woodstock icon richie havens has passed away. he was the first musician to perform at the 1969 festival and kept playing for three hours when other artists arrived late. the folk singer was well known for his cover of the beatles "here comes the sun." richie havens died of a heart attack monday. he was 72. d o a
border, more subdued republican party and a slower economy. >> this is not such a simple issue. it's not an issue of 3wu8ding the wallbuilding a wall, kicking people out. this affects our economy, our schools. >> they had to return to their home country before applying for a green card, not so today. the previous bill required operate rational control of the border before legalization. now the border patrol must only meet security benchmarks over five years. >> previously 200,000 guest workers coul could stay for two years before going home. the new bill gives 575,000 low skill workers, their spouse and children a six-year visa and a path to citizenship. they were required to use a database to verify status. the new bill gives them up to five more years to comply. >> i don't think the controversy has gone away. of it is simply at a low simmer. it can come to a boil when the illegals come back and the problems return. >> this new bill moves to a more skill-based immigration policy expanding legal immigration. democrats to have accept a longer wait up to 13 years, more border enforce
and frustrating for families and devastating for the economy. >> with no other budget in place delays could continue for at least another 5 months. >> this is no way to run this government. >> and the faa warns the flight delays effecting the entire country will only get worse as the summer travel season approaches. in washington keyly campbell ktvu channel 2 news. >> got officials who wanted steam troop reduction because of the sequester budget cuts. john told senate committee today 100,000 soldiers would be removed from duty over the next decade unless those automatic spending cuts are stopped. he says the losses would under mine the army's ability to be prepared for wartime missions. the army's share of the automatic cuts over the next 6 months is $7.6 billion. >> firefighters made an impassionately today to keep their stations open. the board of supervisors today debated whether to close county fire houses. it was shrinking property tax revenues. four or five stations were shutdown this year now two more or on the chopping block. firefighters say that would dramatically increase respons
the economy grow and every state. >> there has been some discussion about discretion. under current practice they use the authority very sparingly. it said is have shown roughly 1% of all cases. how much more should we expect the department to exercise ?iscretion decks >> mardy do that pursuant to policy. -- we do not think that is pursuant to policy. >> they spent time the information from own cases. significantspend time because there's a discovery .rocess >> provided we have the resources to pull the files, i would have no objection. one of the real logistical issues is contained in paper files. resources, anything we can do to share mind this would be something to be considered. >> the department may have seen some benefits in terms of the overall efficiency. >> what privacy protections need to be put in place to ensure employers to not miss use the system? how with this legislation and improve on it? do you think it to be appropriate to give the states additional funds with the assumption they will meet this ?bligation tax >> theirallows them to put driver's license and database databas
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